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I’ve been getting and continue to get value from crypto for a multitude of uses. There’s tons of people using it actively, so I just wonder why you choose to ig

I’ve been getting and continue to get value from crypto for a multitude of uses. There’s tons of people using it actively, so I just wonder why you choose to ignore that. A lot more than the very marginal value ML did for its first decades of existence. DeepBlue came many decades after the field came into being. And I’m very aware of LLM and the different types of ML. It still stands that it was very marginal for decades. But it would be easy to write some dismissive comment in the 80s that the only thing it’s done is play chess for millions of dollars - exactly like crypto haters do today despite it being a completely nascent field.

graypegg 3y ago
Fair! I know there’s lots of wallet activity on any of the big chains right now. I’m a little suspicious of that representing real economic activity (filling the role of a currency, used as units of exchange) and maybe a bit more convinced it’s a casino poker chip ledger. It seems like the simple majority of people trade and transact out of their exchange, to my knowledge. If that simile of ML is like crypto is true, you stand to be quite rich! So best of luck! Best comments have net 0 right, so hopefully you’ll think of me and this thread when you’re a trillionaire eh? ;)
giantrobot 3y ago
ML was not marginal for decades. It's been in regular use in a number of fields for decades. The current hype is an artifact of someone putting fun interface in front of an ML system. Hype around generative imagery and LLMs is new, not the technologies themselves. Crypto has been around for nearly a decade and a half and has been really useful for malware and scammers and not much else. It's fundamentally broken as a currency because most coins are designed to be deflationary so they behave like securities. It's fundamentally broken for micro transactions because transactions are ridiculously expensive and slow by design.

graypegg 3y ago

Fair! I know there’s lots of wallet activity on any of the big chains right now. I’m a little suspicious of that representing real economic activity (filling the role of a currency, used as units of exchange) and maybe a bit more convinced it’s a casino poker chip ledger. It seems like the simple majority of people trade and transact out of their exchange, to my knowledge. If that simile of ML is like crypto is true, you stand to be quite rich! So best of luck! Best comments have net 0 right, so hopefully you’ll think of me and this thread when you’re a trillionaire eh? ;)

giantrobot 3y ago

ML was not marginal for decades. It's been in regular use in a number of fields for decades. The current hype is an artifact of someone putting fun interface in front of an ML system. Hype around generative imagery and LLMs is new, not the technologies themselves. Crypto has been around for nearly a decade and a half and has been really useful for malware and scammers and not much else. It's fundamentally broken as a currency because most coins are designed to be deflationary so they behave like securities. It's fundamentally broken for micro transactions because transactions are ridiculously expensive and slow by design.